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OAKLAND COUNTY VEBA BOARD MINUTES
The Oakland County Voluntary Employees’ Beneficiary Association (VEBA) Board meeting was
held electronically on April 30 , 2020 at 2:29 p.m.
I. Call to Order/ Roll Call
Members Present:
James VanLeuven Jr., Joseph Rozell, Andy Meisner,
Helaine Zack, Curtis Childs, Lauri Siskind,
Jeff Phelps
Members Absent with Notice:
April Lynch, Dave Woodward
Others Present:
Jennifer Hain, Human Resources
Silvia Frank, Human Resources
Carly Webster, Human Resources
Aaron Castle, VanOverbeke, Michaud & Timmony, P.C.
Chris Kuhn, AndCo Consulting
Peter Brown, AndCo Consulting
Louise Gates, GRS Consulting
Natalie Neph, Treasurer’s Office
II. Approval of the Agenda
Moved by Siskind, seconded by Childs to approve the agenda.
Moved by VanLeuven, seconded by Meisner to amend the agenda to add Item II.A.
Temporarily suspend the portion of the Board Bylaws that prohibits meeting by
telecommunications during the COVID-19 pandemic. Motion carried.
Moved by VanLeuven, seconded by Meisner to approve the agenda, as amended.
Motion carried.
A. Moved by Siskind, seconded by Phelps to temporarily suspend the portion of the
Bylaws that prohibits meeting by telecommunications during the COVID-19
pandemic. Motion carried.
III. Public Comment
None
IV. Regular Agenda
A. Moved by Childs, seconded by Phelps to approve the minutes of March 23,
2020. Motion carried.
V. Reports
A. Chris Kuhn and Peter Brown of AndCo Consulting presented the following
reports and provided comments summarizing highlights contained in each:
• S&P 500 – Bear Markets since 2000 – Comparing Crisis
• Oakland County Employees’ Retirement System (ERS) VEBA Monthly Flash
Report Period Ending March 31, 2020
• AndCo’s Weekly Market Update - April 20,2020
Oakland County VEBA Board Minutes
April 30, 2020
Page 2
• Oakland County Employees’ Retirement System (ERS) VEBA
Asset / Manager Summary – April 30, 2020
B. Louise Gates of Gabriel, Roeder, Smith and Company (GRS) presented the
Oakland County Retirees’ Health Care Trust Actuarial Valuation Report as of
September 30, 2019.
Moved by Zack, seconded by Phelps to receive and file the Oakland County
Retirees’ Health Care Trust Actuarial Valuation Report as of September 30,
2019. Motion carried.
VI. Unfinished Business
A. Moved by Siskind, seconded by Childs to approve invoice no. 454290 in the
amount of $21,900 for the 2020 retainer fee for actuarial services. Motion carried.
VII. New Business
VIII. Trustee Comment
A. Chairperson VanLeuven noted the next meeting of this Board – Thursday, May
21, 2020
IX. Chairperson VanLeuven adjourned the meeting without objection at 2:46 p.m.
Respectfully submitted,
__________________________________ ____________________________________
James VanLeuven Jr., Chairperson Silvia Frank, Secretary